Bitcoin was invented to take control away from the oligarchs and their puppet politicians. But we are just doing the opposite and giving them full control. I dont get it.
This is the irony of the slave mentality. People now have a tool to defend themselves about governmental / bureaucratic insanity which has a direct impact on their finances, and this tool being unrelated to that would be a safe haven, but still, they look forward to the next headlines on the newspaper to decide what to do with their BTC holdings.
But the ultimate irony is that the ones buying are governments / Wall Street as idiots panic sell on these news which they themselves generate in order to buy in cheap.
We are seeing the decapitalization of idiot's bitcoins into the hands of the smart, as they stack up on cheap coins. Remember, Bitcoin cannot save the weak, and this includes the weak handed.
Long term: 21 million, unhackable, indestructible network. We can't lose. The only losers are panic sellers on a long enough timeline.